The power sector has lengthy been a pillar of the TSX. This has solely intensified in 2026, as a renewed give attention to power safety is creating a novel entry level for traders. In reality, traders in search of stability, revenue, and long-term progress potential will discover that power shares can supply a novel combine that few different sectors can match.
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Why 2026 is all about Canadian power
World power markets are witnessing one thing distinctive. Following years of underinvestment in large-scale tasks, provide progress stays restricted. Including to this, geopolitical dangers and market volatility proceed to affect pricing. For Canada, this confluence of occasions performs into the strengths of its power sector.
Right here’s a trio of shares which can be set to profit from that present market alternative.
Unmatched money circulation and manufacturing
Among the finest power shares available on the market profit from long-life, low-decline property. This permits these power shares to generate substantial money circulation, regardless of how oil costs transfer.
One firm that personifies that is Canadian Pure Assets (TSX: CNQ). The corporate’s stability out there, fueled by its spectacular portfolio and disciplined strategy, has allowed it to supply constant dividend progress and robust capital returns.
That’s a key motive behind the spectacular 33% achieve the inventory has remodeled the previous yr.
Canadian Pure Assets’ environment friendly but defensive operations make it a standout choose for 2026. The corporate’s secure money circulation and defensive attraction additionally signifies that it will probably supply one of the crucial engaging dividends available on the market.
As of the time of writing, Canadian Pure Assets gives a yield of 4.1%. The corporate has additionally offered annual upticks to that dividend going again 25 years with out fail, making it a prime possibility for income-seeking traders.
Built-in power and dependable revenue
Suncor Power (TSX: SU) is one other prime choose amongst Canada’s power shares that warrants point out. In reality, Suncor gives traders a unique sort of stability. As an built-in power firm, Suncor advantages from each upstream manufacturing and downstream refining and retail operations.
That built-in enterprise mannequin signifies that Suncor isn’t as weak to shifts in a single a part of the power sector, as its distinctive setup permits it to clean out earnings during times of value volatility. Latest operational enhancements have strengthened Suncor’s outlook even additional.
The corporate continues to generate sturdy money circulation, supporting a stable dividend and ongoing share buybacks. As of the time of writing, Suncor gives a quarterly dividend paying out a yield of three.2%. The corporate has additionally offered annual upticks to that dividend for years and actively engages in share buybacks.
For traders in search of a balanced power holding with defensive traits, Suncor stays a compelling possibility heading into 2026.
The infrastructure spine that advantages from quantity, not value
Enbridge (TSX: ENB) completes the listing of power shares for traders to think about. The infrastructure behemoth performs a crucial position in transporting North America’s power. As a pipeline and utility operator, Enbridge generates secure, regulated money flows which can be much less delicate to commodity costs. As an alternative, the corporate advantages from the sheer quantity of oil and pure gasoline shifting by way of its community.
That secure, recurring income stream additionally permits Enbridge to spend money on progress and pay out a good-looking dividend. As of the time of writing, Enbridge gives a yield of 5.5%, making it one of many better-paying choices available on the market.
Potential traders also needs to notice that Enbridge has offered traders with beneficiant annual upticks to that dividend for 3 consecutive a long time with out fail.
This defensive profile, mixed with a beautiful dividend, makes Enbridge a priceless complement to conventional producers. As power demand stays regular and infrastructure must develop, Enbridge’s diversified asset base positions it nicely for the yr forward.
Put money into power shares in 2026
Canadian Pure Assets, Suncor, and Enbridge supply traders publicity to the complete power chain. All three supply defensive attraction, sturdy progress potential and recurring, rising dividends.
This mix provides traders a diversified strategy to the power sector that caters to each progress and income-seeking traders.